Solar has become the world’s favourite new type of electricity generation, with more solar PV capacity being installed than any other generation technology, according to business information and analytics provider, GlobalData.

Indian solar developers typically factor in a 15-20 per cent annualised fall in the cost of solar modules when bidding for new projects. The assumed price decline may have been even higher in some of the recent auctions. Price increases in the last two-three months, therefore, have come as a shock to the sector.

Stäubli Electrical Connectors (formerly Multi-Contact), and Swiss start-up Power-Blox have signed a strategic cooperation to jointly offer efficient solutions in the field of energy storage and off-the-grid systems.

The world now adds more renewable power capacity annually than it adds (net) capacity from all fossil fuels combined. Wind and solar PV had record additions for the second consecutive year, while hydro power represented most of the remainder.

Embarking on the process to mitigate climate change impacts, 195 countries agreed to reduce/curb greenhouse gas emissions at the COP21 UNCCC in Paris, but there is little analysis on the missing renewable capacity required to achieve these targets.